Security Statement  |  Privacy Policy

 
54 South Main St • Lexington, Virginia 24450
Phone: 540.463.2222



Account Components
Business Essential
Business Essential Plus
Community Essential*
Business Interest
Business Commercial**
Business Money Market
Minimum Opening Balance
$50
$100
$50
$100
$100
$100
Minimum Balance
$2,500
$5,000
 
$2,500
Average Monthly Balance Requirements (to avoid monthly fees)
$5,000
$10,000
 
$5,000
Combined Monthly Average (to avoid monthly fees)
$10,000
$20,000
 
$10,000
Monthly Maintenance Fee
$10
$15
$15
$10
Items per month
>50 = .50 per item
>250 = .35 per item
UNLIMITED
>250 = .35 per item
Credits .35 Per Item
Debits .15 Per Item
Deposits .10 Per Item
6 transfers per statement cycle. Excess item fee may apply.
FREE Cash Processing Per Month
X
X
X
X
X
X
1st Order Basic Checks FREE
X
X
X
X
X
X
Bill Pay
X
X
X
X
X
X
Free Check Card
X
X
X
X
X
 
Online Banking
X
X
X
X
X
X
Cash Management Services***
X
X
X
X
X
X
Free Image Checks
X
X
X
X
X
X
Night Depository
X
X
X
X
X
X
CD Image
X
X
X
X
X
 

 

* Community Essential Checking is available to charitable, civic and municipal organizations.
** Commercial Checking Accounts are subject to account analysis, which determines monthly service charges. When the account carries a sufficient compensating balance, no monthly service charges are assessed. Earnings Credit: Your business account will receive an earnings credit based on your ledger balance less uncollected funds. This figure is your Average Available Balance. The Average Balance is then reduced by 10% of your ledger balance. The bank then takes this Investable Balance and applies an Earnings Credit Rate. If the resulting Earnings Credit calculation is less than the monthly cost for services, the account is assessed the difference in service charges. If the Earnings Credit is sufficient to cover the monthly cost for services, no service charge is assessed.
*** Cash Management Services currently offered include: Remote Deposit Capture, Positive Pay, Automated Clearing House (ACH), Merchant Services and Sweeps (ZBA).